Bitcoin (BTC) and the cryptocurrency market started the new week positively, accompanying the rise in global stock indices. Bitcoin, which fell 3% the previous Monday, is trying to make up for some of its loss this time.
Although Bitcoin (BTC) gained 0.50% on the last day of July, technically there is no short-term rally on the horizon.
We cannot talk about an uptrend unless BTC permanently passes the $29,690 support it lost after more than a month of sideways movement. In order for the leading cryptocurrency to start a rally to be taken seriously, it must hold above the area indicated by the yellow zone.
While the rise in the global stock market stands out as a positive catalyst, the risks of sanctions originating from the USA are wreaking the appetite of crypto money investors. This morning, Coinbase founder Brian Armstrong’s interview was a big hit in the press. Armstong claimed that the SEC asked them to delsit all altcoins.
Bitcoin is currently trading at $29,423.
Top Rising Altcoins of the Day!
While Bitcoin, the biggest of cryptocurrencies, started the new week calmly, some altcoins gained serious value.
According to CoinGecko’s top 100 list, the top 5 altcoins in the last 24 hours are as follows:
- Bitcoin SV (BSV): 11.7%
- FLEX Coin (FLEX): 10.1%
- XDC Network (XDC): 6.0%
- Kaspa (KAS): 5.4%
- Optimism (OP): 4.3%
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